Armínio Fraga was born in Rio de Janeiro in July 1957. He earned a bachelor’s and then a master’s degree in economics at the Catholic University of Rio de Janeiro […]
Category: 2002
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Local Assistance Needed
Local debt capital markets are the great hope for Latin America’s companies. The cost of financing in the international debt markets is too high for most companies and the equity […]
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Battered But Cheap
The Latin American telecom industry took a heavy beating last year. As elsewhere around the world, the sector is stuck with billions of dollars of debt, depressed share prices and […]
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Once and Future Euro Debt
Europe should represent a fantastic new opportunity for Latin American debt issuers, with the advent of a single currency and its increasingly integrated capital markets. However, the chaos in Argentina […]
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Brazil’s Banks Are the Best
Three of Latin America’s five best-performing banks in 2001 are Brazilian-owned. Banco Itaú of Brazil is by far the most profitable big bank in Latin America, scoring a 34% return […]
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Only One Winner
The Mexico City Stock Exchange’s IPyC share price index is the only one to have performed reasonably well over the last five years. It is nearly 70% above where it […]
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CCR Braves the Equity Waters
The world’s equity markets have been shaken to the core in the last couple of years. The dot-com meltdown and high-profile bankruptcies have raised serious questions about market transparency. It […]
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Private Sector Takes Up the Slack
The outlook for capital flows to Latin America is moderately encouraging. According to forecasts by Washington’s Institute of International Finance, flows from the official sector – which includes organizations like […]
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Preserving the Best of Both
Having learned much from its last acquisition of a Mexican bank, Citigroup appears to have neatly and efficiently woven Banamex into its global franchise.